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Iomega's Earnings Climb;
Firm to Move to Big Board

a Wall Street Journal Staff Reporter

Updated Oct. 17, 1996 10:30 p.m. ET

ROY, Utah -- Iomega Corp. reported third-quarter earnings that slightly beat Wall Street estimates and said it would switch from the Nasdaq Stock Market, where it is the third most-actively traded issue, to the New York Stock Exchange.

The highflying maker of computer disk drives posted earnings of $12.8 million, or nine cents a share, compared with $2 million, or two cents a share a year ago. Revenue rose more than threefold to $310.1 million from $84.7 million a year ago.